Ferguson Enterprises Stock Surges. It Was Another Good Quarter for Plumbing.

The plumbing-supplies company beat sales and earnings estimates for its fiscal fourth quarter. (Courtesy Ferguson)

Ferguson Enterprises stock was rising sharply Tuesday after the plumbing-supplies distributor reported stronger-than-expected quarterly earnings.

The Newport News, Va.-based company posted adjusted earnings of $3.48 a share for its fiscal fourth quarter, ahead of analysts’ forecast of $3.01. Sales totaled $8.5 billion, up 6.9% from the previous year and above the $8.4 billion Wall Street had expected.

Ferguson shares were rising 8.9% to $233.60 in premarket trading Tuesday. The stock closed Monday up 24% for the year.

A muted real estate market has hampered growth in residential end markets this year—U.S. residential revenue was flat in the fourth quarter—but Ferguson has compensated with strong non-residential sales. U.S. non-residential revenue grew 15% in the quarter, with solid activity on major capital projects, the company said.

“While we continue to operate in an uncertain environment, we remain confident in our markets over the medium term,” said CEO Kevin Murphy in a statement.

Ferguson also announced Tuesday that the company is changing its fiscal year-end from July 31 to December 31. The company currently is undergoing a five-month transition period and will begin reporting on a calendar year basis at the start of 2026.

Write to Nate Wolf at nate.wolf@barrons.com